Economics Chapter 6 - 7

Economics Chapter 6 - 7

7th - 9th Grade

7 Qs

quiz-placeholder

Similar activities

Quiz on Freedom fighters

Quiz on Freedom fighters

8th - 12th Grade

10 Qs

HIGIENE INDUSTRIAL

HIGIENE INDUSTRIAL

1st - 10th Grade

12 Qs

Penalaran Umum Simulasi SNBT 2023

Penalaran Umum Simulasi SNBT 2023

9th - 12th Grade

10 Qs

SEGUNDA GUERRA MUNDIAL

SEGUNDA GUERRA MUNDIAL

9th Grade

10 Qs

QUIZ 1 - RIZAL

QUIZ 1 - RIZAL

KG - Professional Development

10 Qs

EL TEXTO ARGUMENTATIVO

EL TEXTO ARGUMENTATIVO

8th Grade

10 Qs

Sejarah Tingkatan 1 Bab 1

Sejarah Tingkatan 1 Bab 1

7th Grade

12 Qs

Islam

Islam

5th - 8th Grade

10 Qs

Economics Chapter 6 - 7

Economics Chapter 6 - 7

Assessment

Quiz

Other, Social Studies

7th - 9th Grade

Practice Problem

Hard

Created by

Theresia Lindha Widya Sari

Used 8+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which feature is a characteristic of a market economy?

Government planning plays a key role in the economy

Producers respond automatically to changes in consumers demand

Resources are allocated according to need

There is always full employment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A country changes from a planned to a market economy. What effect will this have?

A decrease in government officials

A decrease in the role of the price mechanism

An increase in government ownership of resources

An increase in the output of public goods

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the role of the price mechanism in a market economy?

To allocate scarce resources

To increase the provision of merit goods

To make the distribution of goods and services more equal

To reduce the negative disadvantages of production and consumption

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is measured on the horizontal axis of a demand curve?

Cost

Price

Supply

Quantity

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What could cause the movement from point X to point Y?

A change in weather

A decrease in income

A rise in the price of chocolate

A special event is coming up

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which pair shows that the products are complementary goods?

Media Image
Media Image
Media Image
Media Image

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What product that the demand will decrease when the consumers' income rises?

Substitute goods

Complementary goods

Normal goods

Inferior goods